REG - Surface Transforms - Director/PDMR Shareholding

Surface TransformsAnnouncement

25/05/2022 08:31

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RNS Number : 6852M  Surface Transforms PLC  25 May 2022

25 May 2022

 

Surface Transforms plc

("Surface Transforms" or the "Company")

 

Director Dealing

 

 

Surface Transforms (AIM: SCE) announces that the Company was notified on 24
May 2022 that David Bundred, non-executive chairman, and his wife have sold
and re-purchased a total of 89,120 ordinary shares of 1p each in the Company
("Ordinary Shares") being a sale by Mr. Bundred of 44,560 Ordinary Shares at a
price of 44.9p from his dealing account and a repurchase of 44,560 Ordinary
Shares at 45p in his ISA. Similarly, Mrs. Bundred sold 44,560 Ordinary Shares
from her dealing account at a price of 44.9p and repurchased these at a price
of 45p in her ISA.

 

Following these transactions Mr. Bundred remains beneficially interested in
1,360,025 shares, representing 0.70% of the Company's issued share capital.

For enquiries, please contact:

Surface Transforms
plc.
                 +44 151 356 2141

David Bundred, Chairman

Kevin Johnson, CEO

Michael Cunningham CFO

 

Zeus (Nominated Adviser and Joint
Broker)                               +44 203 829
5000

 

David Foreman / Dan Bate / Jordan Warburton (Investment Banking)

Dominic King (Corporate Broking)

finnCap Ltd (Joint-Broker)
 
               +44 20 7220 0500

Ed Frisby / Abigail Kelly (Corporate Finance)

Richard Chambers / Barney Hayward (ECM)

About Surface Transforms

Surface Transforms plc. (AIM:SCE) develop and produce carbon‐ceramic
material automotive brake discs. The Company is the UK's only manufacturer of
carbon‐ceramic brake discs, and only one of two mainstream carbon ceramic
brake disc companies in the world, serving customers that include major OEMs
in the global automotive markets.

The Company utilises its proprietary next generation Carbon Ceramic Technology
to create lightweight brake discs for high‐performance road and track
applications for both internal combustion engine and electric vehicles. While
competitor carbon‐ceramic brake discs use discontinuous chopped carbon
fibre, Surface Transforms interweaves continuous carbon fibre to form a 3D
matrix, producing a stronger and more durable product with improved heat
conductivity compared to competitor products; this reduces the brake system
operating temperature, resulting in lighter and longer life components with
superior brake performance. These benefits are in addition to the benefits of
all carbon‐ceramic brake discs vs. iron brake discs: weight savings of up to
70%, longer product life, consistent performance, reduced brake pad dust and
corrosion free.

For additional information please visit www.surfacetransforms.com

 

 Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
 596/2014
 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a.  Name                                                                  Mr. David Bundred and his wife
 2   Reason for notification

 a.  Position/Status                                                       Non Executive Chairman
 b.  Initial notification/                                                 Initial Notification

     Amendment
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a.  Name                                                                  Surface Transforms plc
 b.  LEI                                                                   213800GQHNJPE5O8XO79
     Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a.  Description of the financial instrument, type of instrument           Ordinary Shares of 1p each

Identification Code                                                  ISIN: GB0002892528
 b.  Nature of the transaction                                             Transfer of shares to ISA

 c.  Price(s) and volume(s)                                                Price(s)  Volume(s)

                                                                     44.9p     44,560
     -    Transaction 1 (Sale 24/05/2022)                                  44.9p     44,560

                                                                     45p       44,560
                                                                           45p       44,560

     -    -   Transaction 2            (Sale 24/05/2022)

     -    - Transaction 3 (Purchase 24/05/2022)

     -    -Transaction 4 (Purchase 24/05/2022)

 d.  Aggregated information                                                Price(s)  Aggregated volume(s)  Aggregated Total

                                                                     44.9p     44,560                £20,007.44
     -    Transaction 1                                                    44.9p     44,560                £20,007.44

                                                                     45p       44,560                £20,052.00
     (Sale 24/05/2022)                                                     45p       44,560                £20,052.00

     -    Transaction 2

     (Sale 24/05/2022)

     - Transaction 3 (Purchase 24/05/2022)

     -Transaction 4 (Purchase 24/05/2022)

 e.  Date of the transaction                                               24/05/2022
 f.  Place of the transaction                                              London Stock Exchange

d.

Aggregated information

-    Transaction 1

(Sale 24/05/2022)

-    Transaction 2

(Sale 24/05/2022)

- Transaction 3 (Purchase 24/05/2022)

-Transaction 4 (Purchase 24/05/2022)

 

 Price(s)  Aggregated volume(s)  Aggregated Total
 44.9p     44,560                £20,007.44
 44.9p     44,560                £20,007.44
 45p       44,560                £20,052.00
 45p       44,560                £20,052.00

e.

Date of the transaction

24/05/2022

f.

Place of the transaction

London Stock Exchange

 

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